Saturday, June 05, 2010

Boom Times: The One Graph That Perfectly Depicts the Smashing Success of the Obama Recovery [Updated: Now Infused with Bonus Misery!]

I've slightly modified a graph from Calculated Risk to illustrate the stunning economic boom touched off by the $840 billion Stimulus package, the Omnibus Spending Bill and DemCare, to name but a few.

The closeup.

I, for one, have complete confidence that our President will continue delivering upon his promise to bring real prosperity to all Americans.

We're well on the way, as you can see.


Update: The unemployment numbers were even worse than we thought -- yes, worse than the private sector shedding nearly a quarter of a million jobs.

Friday's jobs report was pretty rough, but actually the unemployment rate dipped to 9.7%. That's because, despite the lack of private sector hiring, a large swath of jobseekers [322,000] decided to, for whatever reason, quit the workforce.

...The spike up in the total flow from those "unemployed" to "not in the labor force" follow what looked like a couple of months worth of the reverse: people moving on net from not in the labor force to the unemployed, looking segment.

What it looks like is that a lot of frustrated workers were sold on the idea that there was some kind of recovery underway, and then realized they'd been lied to.

That's simply impossible. The federal government under Barack Obama would never, ever lie to the people. Don't you get it? We're in the midst of a recovery!

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